UK Crony Capitalism: The Triumph of the City

Sunday, 6 November 2022 — Peoples Democracy

Prabhat Patnaik

THE triumph of the City of London, the one square kilometre next to Liverpool Street station that houses the citadel of British finance, is complete. Not only did it get rid of one British prime minister, whom it distrusted, in the space of just 44 days, but even got a new one of its choice installed forthwith. Rishi Sunak is being called many things: the first British Asian prime minister, the first Hindu prime minister, and so on. These facts about him however are inconsequential; notwithstanding the hullabaloo in India over his appointment, these facts are mere trivia. What is central is that he is the City’s choice. A former employee of Goldman Sachs, a former Hedge Fund manager, he is from the world of finance; for the City he is indubitably “one of us”.

Continue reading

UK Crony Capitalism: Public Enemy Number One

Monday, 22 August 2022 — Goodlaw Project

Tory leadership candidate Rishi Sunak has launched a furious, misguided, attack on Good Law Project and its founder Jolyon Maugham QC for “wasting time and money” in the Courts. And he has threatened judges he calls “recidivist” – a word meaning the tendency of convicted criminals to continue to offend – with legislation to force them to act in accordance with his wishes.

Continue reading

Contenders for Boris Johnson’s crown stress fealty to Israel

Following Israel’s recent savage attack on Gaza, the last two Tory candidates for PM are outcompeting each other to offer Israel support

Middle East Eye – 9 August 2022

As Israel unleashed a surprise wave of air strikes on Gaza last Friday, the two remaining Conservative politicians vying to replace disgraced Prime Minister Boris Johnson publicised letters vowing fealty to Israel.

Continue reading